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SIDC Appoints Financial Adviser for Potential Purchase of Industrial Production Services Co

MT Newswires·09/16/2026 10:27:29
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10:27 AM EDT, 09/16/2026 (MT Newswires) -- Saudi Industrial Development Co (SASE:2130), d/b/a SIDC, appointed Alinma Capital as its financial adviser to evaluate its potential acquisition of Industrial Production Services Co. The Saudi Arabia-listed industrial company said Wednesday the potential acquisition remains subject to the results of the valuation and due diligence, as well as ongoing negotiations, final agreements, and the receipt of relevant regulatory and internal approvals.